Wealth Enhancement Advisory Services LLC Sells 429 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Wealth Enhancement Advisory Services LLC decreased its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 5.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,946 shares of the insurance provider’s stock after selling 429 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Arch Capital Group were worth $777,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in ACGL. Capital International Investors increased its stake in Arch Capital Group by 61.1% in the first quarter. Capital International Investors now owns 4,112,577 shares of the insurance provider’s stock valued at $380,167,000 after acquiring an additional 1,560,173 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Arch Capital Group by 18,634.1% in the 3rd quarter. International Assets Investment Management LLC now owns 551,345 shares of the insurance provider’s stock worth $616,840,000 after purchasing an additional 548,402 shares in the last quarter. Brandes Investment Partners LP bought a new position in shares of Arch Capital Group during the 2nd quarter valued at about $48,119,000. Natixis Advisors LLC raised its holdings in shares of Arch Capital Group by 59.1% during the 2nd quarter. Natixis Advisors LLC now owns 1,139,480 shares of the insurance provider’s stock valued at $114,962,000 after buying an additional 423,406 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in Arch Capital Group by 10.1% in the 2nd quarter. Legal & General Group Plc now owns 3,455,949 shares of the insurance provider’s stock worth $348,671,000 after buying an additional 316,070 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Insider Transactions at Arch Capital Group

In other news, CFO Francois Morin sold 11,460 shares of Arch Capital Group stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the completion of the transaction, the chief financial officer now directly owns 221,779 shares in the company, valued at approximately $22,723,476.34. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on ACGL shares. JMP Securities increased their price target on shares of Arch Capital Group from $115.00 to $125.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 15th. BMO Capital Markets increased their target price on shares of Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a report on Wednesday. Bank of America boosted their price target on shares of Arch Capital Group from $119.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Wells Fargo & Company reduced their price objective on Arch Capital Group from $126.00 to $118.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Royal Bank of Canada decreased their price objective on Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $118.88.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $101.70 on Thursday. The stock has a fifty day moving average of $109.86 and a 200 day moving average of $102.92. The firm has a market capitalization of $38.25 billion, a price-to-earnings ratio of 6.76, a PEG ratio of 1.36 and a beta of 0.61. The company has a quick ratio of 0.60, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a 52 week low of $72.85 and a 52 week high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.05. The business had revenue of $4.72 billion for the quarter, compared to analysts’ expectations of $4.05 billion. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same period in the previous year, the firm posted $2.31 EPS. As a group, research analysts expect that Arch Capital Group Ltd. will post 9.09 earnings per share for the current year.

Arch Capital Group Profile

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.